Gold declined a second day as the dollar strengthened with investors waiting for fresh market cues from further meetings between the U.S. and China on trade.
Spot gold -0.2% to $1,303.85/oz at 8:18am in London; -0.7% Wednesday. Bloomberg Spot Dollar Index +0.3% to head for the highest close since Jan. 3.
Meanwhile, Federal Reserve Chairman Jerome Powell gave a brief but positive assessment of the economy at an event organized for educators. “The U.S. economy is now in a good place,” Powell said Wednesday evening in response to audience questions during a meeting with teachers.
Source : Bloomberg